Patents by Inventor Michael L. Kowal

Michael L. Kowal has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Apparatus and method for automatically matching a best available loan to a potential borrower via global telecommunications network
    Patent number: 5940812
    Abstract: A loan origination system including an apparatus and method for automatically matching a best available loan to a potential borrower, via a global telecommunications network. The loan origination system of the present invention brings together via the global telecommunications network potential borrowers and lenders. The loan origination system accepts and stores into a database borrower attributes entered by a potential borrower requesting a loan, via the global telecommunications network. The loan origination system also accepts and stores into the database credit related information regarding the potential borrower sent from at least one credit bureau. The loan origination system stores into the database respective loan acceptance criteria and respective loan attributes for an offered loan. The loan origination system compares the borrower attributes of the potential borrower with all of the loan acceptance criteria stored in the database to determine any available loans for the potential borrower.
    Type: Grant
    Filed: August 19, 1997
    Date of Patent: August 17, 1999
    Assignee: LoanMarket Resources, L.L.C.
    Inventors: Cary G. Tengel, Thomas A. Farin, Michael L. Kowal, L. Darryl Mataya